FTS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FTS
Largest movements
- Receivables within one year -€11,456
down €11,456 (-22.8%), from €50,200 to €38,744
of which Other amounts receivable: -€8,457
- Tangible fixed assets -€6,967
down €6,967 (-40.3%), from €17,272 to €10,305
of which Furniture and vehicles: -€4,911
- Cash +€4,024
new in 2025: €4,024
mainly Net result for the year (+€22,114) and Receivables within one year (+€11,456)
- Stocks and contracts +€3,984
up €3,984 (+47.7%), from €8,350 to €12,334
- Trade debts -€25,680
down €25,680 (-45.5%), from €56,408 to €30,728
- Profit (loss) carried forward +€22,114
up €22,114 (+28.8%), from -€76,815 to -€54,702
- Tax, wage and social debts -€15,584
down €15,584 (-46.9%), from €33,235 to €17,651
of which Remuneration and social security: -€8,491
- Other debts +€7,736
up €7,736 (+29.7%), from €26,053 to €33,789
- Staff costs -€35,573
down €35,573 (-95.7%), from €37,157 to €1,584
- Taxes -€17,019
down €17,019 (-99.0%), from €17,188 to €169
- Gross operating margin -€5,644
down €5,644 (-17.1%), from €33,055 to €27,411
- Other operating charges -€3,453
down €3,453 (-85.2%), from €4,053 to €600
- Depreciation -€2,336
down €2,336 (-34.7%), from €6,739 to €4,403
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,322 | €67,908 | -€11,415 | -14.4% |
| Fixed assets | 21/28 | €20,272 | €12,805 | -€7,467 | -36.8% |
| Intangible fixed assets | 21 | €2,500 | €2,000 | -€500 | -20.0% |
| Tangible fixed assets | 22/27 | €17,272 | €10,305 | -€6,967 | -40.3% |
| Plant, machinery and equipment | 23 | €12,334 | €10,278 | -€2,056 | -16.7% |
| Furniture and vehicles | 24 | €4,938 | €27 | -€4,911 | -99.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €59,050 | €55,102 | -€3,948 | -6.7% |
| Stocks and contracts in progress | 3 | €8,350 | €12,334 | +€3,984 | +47.7% |
| Stocks | 30/36 | €8,350 | €12,334 | +€3,984 | +47.7% |
| Amounts receivable within one year | 40/41 | €50,200 | €38,744 | -€11,456 | -22.8% |
| Trade receivables | 40 | €8,114 | €5,115 | -€2,999 | -37.0% |
| Other amounts receivable | 41 | €42,087 | €33,629 | -€8,457 | -20.1% |
| Cash at bank and in hand | 54/58 | - | €4,024 | +€4,024 | |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €79,322 | €67,908 | -€11,415 | -14.4% |
| Equity | 10/15 | -€40,829 | -€18,716 | +€22,114 | +54.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,386 | €17,386 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,526 | €15,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,815 | -€54,702 | +€22,114 | +28.8% |
| Amounts payable | 17/49 | €120,151 | €86,623 | -€33,528 | -27.9% |
| Amounts payable within one year | 42/48 | €120,151 | €86,623 | -€33,528 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €4,456 | €4,456 | = | 0.0% |
| Trade debts | 44 | €56,408 | €30,728 | -€25,680 | -45.5% |
| Suppliers | 440/4 | €56,408 | €30,728 | -€25,680 | -45.5% |
| Taxes, remuneration and social security | 45 | €33,235 | €17,651 | -€15,584 | -46.9% |
| Taxes | 450/3 | €8,395 | €1,302 | -€7,093 | -84.5% |
| Remuneration and social security | 454/9 | €24,841 | €16,349 | -€8,491 | -34.2% |
| Other amounts payable | 47/48 | €26,053 | €33,789 | +€7,736 | +29.7% |
| Remuneration, social security and pensions | 62 | €37,157 | €1,584 | -€35,573 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,739 | €4,403 | -€2,336 | -34.7% |
| Other operating charges | 640/8 | €4,053 | €600 | -€3,453 | -85.2% |
| Gross operating margin | 9900 | €33,055 | €27,411 | -€5,644 | -17.1% |
| Operating profit (loss) | 9901 | -€14,894 | €20,823 | +€35,717 | |
| Financial income | 75/76B | €548 | €2,124 | +€1,575 | +287.4% |
| Recurring financial income | 75 | €548 | €2,124 | +€1,575 | +287.4% |
| Financial charges | 65/66B | €1,595 | €664 | -€931 | -58.4% |
| Recurring financial charges | 65 | €1,595 | €664 | -€931 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,941 | €22,283 | +€38,224 | |
| Income taxes | 67/77 | €17,188 | €169 | -€17,019 | -99.0% |
| Profit (loss) for the period | 9904 | -€33,129 | €22,114 | +€55,243 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,129 | €22,114 | +€55,243 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.